🇺🇸 SEC Commissioner Hester Pierce speaks out on the SEC's controversial February decision, which stated that meme tokens are generally not considered securities. The announcement coincided with President Trump and his wife launching their own meme token, raising suspicions of political connections. Commissioner Pierce explained that due to the significant attention meme coins are receiving, the SEC needed to provide clarity. She emphasized that investors should not expect protection from the SEC in this area, as memecoins are not securities.
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🇬🇧 Reform UK Leader Announces Crypto-Supporting Bill Nigel Farage, leader of Reform UK, has announced plans to push for a Crypto Assets and Digital Finance Bill if victorious in the upcoming general election. – The bill proposes a 10% capital gains tax on crypto – Establishes a Bitcoin reserve fund at the Bank of England – Bans banks from closing accounts due to lawful crypto transactions Farage highlighted that over 7 million Britons own crypto, yet the current government remains detached from this trend. He pledged to bring crypto into the mainstream of UK finance.
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🇨🇳 China Criticizes U.S. for Imposing Unfair Restrictions in the Chip Industry Chinese Embassy spokesperson in the U.S., Liu Pengyu, criticized the U.S. for implementing "discriminatory" export control measures in the semiconductor industry. This follows accusations by the Trump administration that China violated a preliminary trade agreement between the two countries.
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